Communism is an economic system based on “You put your fair share; You get your fair share”. Socialism is an economic system framed on “You get a share regardless of your contribution”....
Bangladesh has been independent in 1971. Until the 1990, we did not have any democracy in real sense. In 1991, we got the Bangladesh Nationalist Party (BNP) as the first democratic party in...
The Chinese constitution was established in 1982, which is similar to the one in America. In China, communism is the system of political economy under which the Government runs the country. The...
The most of the global people and countries are poor. Of the 7 billion people World-wide, about more than 4 billion people are poor. In other words, the large section of the people are economically...
The objective of the market economy is to optimize the market outcome. The
achievement of this objective may be difficult or problematic due to some
factors including externalities and market...
Flexism is a new theory of political economy. The characteristics of Flexism is to provide flexibility and diversity in utilization of socio-economic and political resource variables as efficiently...